The Edufinet Project, promoted by Unicaja Banco and Fundación Unicaja, has recently given several online courses, in collaboration with the University of Jaen (UJA), which have allowed nearly 400 students to learn about business internationalization, the keys to prepare a business plan -with focus on the legal and economic and financial aspects- and how the stock exchange and equity market work.
The goal of these online courses is to provide students and potential entrepreneurs with the basic knowledge to act autonomously in those areas, as well as to teach them the basics about investments and transactions in the equity market.
Introduction to business internationalization
One of these courses has allowed students to learn about the internationalization process of companies and the main risks and alternatives in foreign trade.
With this activity, students have also received useful information on international financing and means of payments, among other topics.
How to prepare a business plan
The Edufinet Project has also given an online workshop on the preparation of a business plan, addressed to potential entrepreneurs. This activity has covered both the legal and economic and financial aspects which are key when preparing a document of this kind.
Students have acquired the knowledge required to assess and choose the legal form of the company and the most suitable funding to launch their future businesses. They have also received information on bylaws or the proceedings to create different types of companies.
Likewise, the course shows how to prepare an economic and financial study and the main financial solutions for entrepreneurship, with special focus on the different types of funding according to the life cycle of a business.
How to invest in stock
UJA students have also participated in an online session on stock exchange markets organized by Edufinet Project and which has explained how the equity market work and how to trade stocks.
The students have received information on topics related to the assets traded on the stock market, the different variables with an impact on the share price and yield, risks and costs of investing in stock markets. They have also learnt the basics about a business’ financial statements.
Pioneering programme in Spain
The Edufinet Project has been working since 2007 through an Internet portal for the general public, although its development began in 2005. Currently, 16 universities and more than ten business organizations and institutions collaborate with the programme.
All of the above have made Unicaja, one of the first institutions in Spain to launch an initiative of this kind, to be one of the most active agents in the fields of financial education and inclusion, in the exercise of its Corporate Social Responsibility (CSR) and its commitment to society.
Its website (https://www.edufinet.com) has registered more than nine million visits, with access from nearly 180 countries. It also has two portals with specific contents: one for young people (Edufinext) and one for business owners and entrepreneurs (Edufiemp). The website also includes other sections such as Edufiblog, EdufiAcademics, EdufiTech and a videogame. The project also has a YouTube channel and Facebook and Twitter accounts.
